Mellanox Halted, Plunges 24%: Q4 In-Line, Q1 Rev View Misses

By Tiernan Ray

Shares of Mellanox Technologies (MLNX) have been halted head of the company’s Q4 report this afternoon.

Analysts are modeling $123 million in revenue and 70 cents a share in profit.

Update: The company has reported $122 million in revenue and 69 cents a share. Thomson Reuters is comparing to a different consensus, $119.9 million and 66 cents, hence, as a beat on both counts.

Update 2: On a conference call following the results, Mellanox projected Q1 revenue of $78 million to $83 million, well below the consensus $129.5 million. Mellanox shares, are now down $12.09, over 23%, at $39.60 in late trading.

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